Humorous stories; New York (N.Y.) -- Fiction; Short stories, American
With that he scatters handful after handful broadcast into the crowd,
which catches 'em eager. Even J. Bayard gets excited and grabs for one.
"By George, Shorty!" says he. "Hanged if there isn't the germ of a good
idea in this scheme of his! Every share a front foot! And if he could
only get the buying started----"
Steele is gazin' over the heads of the crowd absentminded. All of a
sudden he breaks out again. "I have it!" says he. "I'll get that curb
gang to fooling with Gopher."
But, foxy as he was, I don't believe J. Bayard knew just how big a
bonfire he was touchin' off. I know I thought he was nutty when he wants
me to O.K. his plan for buyin' a hundred shares to distribute free.
"Bait!" says he. "They'll bite! You watch 'em!"
Well, if you've been followin' the market close, you know what happened.
I expect the first bids was made just as a josh. I hear that Gopher
Development started at ten cents. Then someone sold a block at fifteen.
By noon they'd gone to twenty. Durin' luncheon time a sporty bunch in a
rathskeller cooked up the bright idea that it would be humorous to sell
Gopher short and hammer the price down to five cents. Before three P.M.
the gross transactions had run into the thousands.
[Illustration: "Now, Friends!" he calls, "Everybody in on the chorus."]
I was in Hubbs' office when the first real money was paid over for
Gopher. A hook-nosed young broker in a shepherd plaid suit and a pink
felt hat rushes in and planks down twenty dollars for fifty shares at
the market. Hubbs was just passin' 'em over too, when Steele interferes.
"Five more, please," says J. Bayard. "We are holding Gopher at 50."
"Wha'd'ye mean, fifty?" gasps the curb man. But he was short on a
three-fifteen delivery, and he had to put up the extra five.
"Stick to that rule," Steele advises Hubbs. "Ask 'em ten points more
than outside quotations."
What really got things goin', though, was when some of the stock clerks
and bookkeepers, who'd heard and talked nothin' but Gopher these last
two days, begun buyin' lots outright and turnin' 'em in for deeds.
Whether or not they believed all Hubbs had fed 'em about Gopher don't
matter. They was takin' a chance. So they slips out at noon and gives
real orders. Course, they wa'n't plungin'; but the combined effect was
the same.
And it don't take the curb long to get wise. "The suckers are buying
Gopher," was the word passed round. Then maybe the quotations didn't
jump! There wa'n't any quarter matchin' down in Broad street after
that. They was too busy yellin' Gopher at each other. Up she went,--75,
then 85, then 110, and when closin' hour come the third day it was the
liveliest scene inside the ropes that the margin district had known in
years.
Public-domain text, read in full here on John Shaqi.
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